Current status: Answered by Paul McLennan on 17 September 2024
To ask the Scottish Government what assessment it has made of how households with a poor credit rating will be able to access finance to afford the reportedly significant financial bill from the Mixed Tenure Improvement Service by the City of Edinburgh Council.
The council have considered residents with poor credit ratings and have offered payments plans which have been extended to 15 years and the interest rate was lowered to 4% from 8%. This option was specifically established where owners would not be eligible for loans from other sources and is not dependant on any credit references being obtained.